Banking Awareness For IBPS and SBI Associates Clerks QUIZ 8

1. Which of the following banks has recently introduced mobile banking service for its customers, to commemorate 50 years of its journey in the Indian financial sector?

a) Union Bank of India

b) IDBI Bank

c) Kerala Grameena Bank

d) Karur vysya Bank

e) ICICI Bank

2. Currency Swap is an instrument to manage?

a) Interest rate risk

b) Currency risk

c) Currency and interest rate risk

d) Cash inflows in different currencies

e) All of the above

3. The RBI widened infrastructure sector lending sub-category recently. Which of the following sectors qualify for infrastructure sector lending?

a) Communication

b) Water and sanitation

c) Energy

d) Transport

e) All the above

4. Expand the term IMPS?

a) Immediate Mobile Payment Service

b) Inter-Mobile Payment Service

c) International Mobile Payment Service

d) Instant Payment Service

e) None of these

5. Doha Bank , which has been sanctioned licence to start its operations in India, belongs to which

of the following countries?

a) Kuwait

b) Iran

c) Bahrain

d) Qatar

6. CAPART (Council for Advancement of People's Action and Rural Technology) is associated

with which of the following?

a) Energy Sector

b) Rural Development

c) Infrastructure

d) Foreign Trade

e) None of these

7. How many alphabets will be there in PAN CARD provided by Income Tax Department?

a) Four

b) Five

c) Seven

d) Three

e) SIX

8. Which of the following banks has recently approved 30 million US dollars loan to Assam which will help it in its drive to eliminate power sector inefficiencies that are hurting its consumers, its world-famous tea industry, and its environment?

a) World Bank

b) Asian Development Bank

c) Yes Bank

d) Indian Bank

e) All of the above

9. Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India?

a) Banking Regulation Act

b) Essential Commodities Act

c) RBI Regulation Act

d) RBI and Banking Regulation Act

e) None of these

10. Which of the following companies will be provided equity investment of 50 million US dollars by The Asian Development Bank ?

a) Tata Power

b) NTPC

c) ReNew Power Ventures Private Limited

d) NHPC

e) None of these

11. Which of the following can be obtained only from a bank?

a) Demand draft

b) Postal Stamps

c) Judicial Stamp Papers

d) Birth Certificates

e) All of these

12. SBI has launched six digital branches across the country as part of its programme to offer next generation banking solutions. What is the name given to these digital branches?

a) SBI Digital

b) SBI In Touch

c) SBI Tech

d) Digi SBI

e) None of these

13. C Rangarajan Committee has recently submitted its report on which of the following matters?

a) Sanitation

b) Food

c) Poverty

d) Education

e) All of these

14. Which among the following committee is set up for giving clear definitions to FDI and FII with an aim to remove ambiguity over the two types of foreign investments?

a) Gopinath committee

b) Subir Gokarn committee

c) Arvind Mayaram committee

d) Sushma Nath committee

e) None of these

15. The erstwhile UTI Bank is presently known as:

a) ING Vysya Bank

b) Yes Bank

c) Indusind Bank

d) Axis Bank

e) IDBI

16. The abbreviation UIDAI stands for

a) Unique Identification Division of All India

b) Unique Identification Department of Ancient India

c) Unique Identity Division of Ancient India

d) Unique Identification Authority of India

e) None of these

17. Ms.Christine Lagarde is holding which of the following positions at present?

a) Chief of Asian Development Bank

b) Chief of International Monetary Fund

c) Chancellor of Germany

d) Chief of Morgan Stanley

e) Chief of World Bank

18. It is mandatory to quote the following identification number on all large value financial transactions.

a) PAN number

b) Voter ID

c) PIN

d) Ration Card Number

e) Phone Number

19. Which of the following is NOT a Banking or Finance Company?

a) Barclay

b) Lufthansa

c) BNP Paribas

d) American Express

e) HSBC

20. Which of the following is the part of the name of a Public Sector Bank in India?

a) Jindal

b) Gokhale

c) Jaipuria

d) Tata

e) Dena

Answer Key :

1. b
2. d
3. e
4. a
5. d
6. b
7. e
8. b
9. a
10. c
11. a
12. b
13. c
14. c
15. d
16. d
17. b
18. a
19. b
20. e

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